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A judge on Thursday sentenced Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, to 25 years in prison months after a jury convicted him of defrauding customers in what authorities have called one of the largest financial frauds in history.
SBF also ordered to forfeit over $11 billion. Judge will advise the Federal Bureau of Prisons to send him to a medium-security prison or less near the San Francisco area.
SBF also ordered to forfeit over $11 billion. Judge will advise the Federal Bureau of Prisons to send him to a medium-security prison or less near the San Francisco area.
FILE - FTX founder Sam Bankman-Fried leaves Federal court on July 26, 2023, in New York. T
By KEN SWEET and LARRY NEUMEISTER Associated Press